How we've used the BCH raised

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2 years ago

Hey Everyone, we've had this question come up in our Telegram chat, and wanted to share our responses on our social channels too.

1. We've used a few BCH for our audit (which is ongoing) and have kept also a few BCH for ongoing and expected expenses. None of our team has received a single drop of BCH benefit from the BCH raised.

2. Please be informed that the liquidity in farms < liquidity in pools. This is because we do not add our coins to farms because we want to give rewards to users instead of claiming them ourselves.

3. if you check the locked pool value (using Remix or even DefiLama TLV), you will see that we have a lot more than 20k in 1BCH-BCH pool: 69 BCH + equivalent 1BCH = 64k USD

4. its a downside that TLV in pools without farms is not shown as prominently. But you can confirm this when you go to: i. add liquidity for 1BCH-BCH ii. select any amount and look at the % share of the pool iii. compute the 100% value

5. Please refer to the screenshot below. It is most credible and confirms with DeFiLama TLV which at 600k USD is also a lot higher than the value people put into farms (not everybody is farming their LP tokens).

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2 years ago

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